11 M.R.S. §9-1623: Right to redeem collateral

(1). A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.

(2). To redeem collateral, a person shall tender:

(a). Fulfillment of all obligations secured by the collateral; and

(b). The reasonable expenses and attorney's fees described in section 9‑1615, subsection (1), paragraph (a).

(3). A redemption may occur at any time before a secured party:

(a). Has collected collateral under section 9‑1607;

(b). Has disposed of collateral or entered into a contract for its disposition under section 9‑1610; or

(c). Has accepted collateral in full or partial satisfaction of the obligation it secures under section 9‑1622.